Range trading: Cryptocurrencies as for 08/02/2022

Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
BTCUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 42456
Long position 2
(The price today will not fall below this mark with a probability 95%) 41110
Long position 3
(The price today will not fall below this mark with a probability 99%) 39765

Short position 1
(The price today will not rise above this mark with a probability of 68%) 45639
Short position 2
(The price today will not rise above this mark with a probability of 95%) 46985
Short position 3
(The price today will not rise above this mark with a probability of 99%) 48331


ETHUSD


Long position 1
(The price today will not fall below this mark with a probability of 68%) 2988.35
Long position 2
(The price today will not fall below this mark with a probability 95%) 2871.07
Long position 3
(The price today will not fall below this mark with a probability 99%) 2753.79

Short position 1
(The price today will not rise above this mark with a probability of 68%) 3299.70
Short position 2
(The price today will not rise above this mark with a probability of 95%) 3416.98
Short position 3
(The price today will not rise above this mark with a probability of 99%) 3534.26

XRPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.8160
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.7974
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.7602

Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.8778
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.9150
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.9421


Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading